Is the City of Pomona prepared to lose 10% of its rental unit supply (2300+ units)?

You can hardball it, or just prepare for the inevitable.

Prepare a list of informed questions that you can ask potential lenders and go to lunch.

Blake:Disclosure - When I was buying SF rentals years ago, I was a Longhorn client.The real test is your staying-power though a bad market. 

Over the years I picked business degrees, real estate license, tax preparation training, loan officer licensing and training, investment / CFP training and it is all tied together in one big connected body of knowledge that emphasizes appreciation, debt pay down, cash flow, and tax write-offs...  

If you have not already done so, take a moment and do a stress test on your portfolio.

I was told by my closer today that she cannot Quit Claim the Deed into an LLC, but said it would have to be a warranty deed because they cannot prepare as the under writers came down on title companies as it is seen as practicing law.  

@Bethany PeysenTo expand your real estate portfolio, stay connected with agents and lenders, conduct thorough inspections, and prepare for longer closing times.

A good basic course is usually the one taught as a preparation for getting a real estate license.  

I understand that it might be smart to have a good balance of cash in the SIDRA in preparation of something like this, but that cash sits un invested.